Category: Waterloo

  • AideRSS – postrank.com and a slew of updates

    AideRSS was one of the first companies I really got excited about. I had (and have) done a lot of thinking about RSS as a market and how you would need to build a technology and a product in that space. When Ilya sent me an email about AideRSS, I loved it.

    That glowing review was the first posts on StartupNorth that really generated significant feedback for me. Comments, email and phone calls from VCs and companies who wanted to know more about them. It was fun, and Ilya didn’t disappoint. He continued to build the company back then with Kevin Thomason and they pushed product out the door.

    In the intervening year they have secured funding, Kevin has moved on and they are starting to make updates regularly. I have given Ilya a hard time in the last year about focusing on the product, but I did it knowing he could deliver. With a great team behind him now AideRSS has been doing partnerships.

    Today they are launching PostRank.com, which is a promotional site for their PostRank system, and they are also introducing Thematic Postrank, their Google Reader Extension and a set of APIs that produce PostRank calculations to developers. This change means that PostRank is no longer just a component of the AideRSS website, but it is now an independent service that other applications will be able to use.

    Thematic Postrank is a new service that helps cluster topic-specific blog posts together. I will be interested to see how good this service is. It could potentially be the start of a better Techmeme (my words, not theirs).

    They are also expanding the list of sources that they draw from to calculate a PostRank score, adding clicks, views, Ma.gnolia, and Pownce.

  • StartupCamp Waterloo 3 Recap

    This is a guest post by Mic Berman, one of the instigators of StartupCamp Waterloo. Thanks Mic!


    We had great turn out and interesting crowd, lots of new startups first time demonstrating in a public forum. The event was sponsored by TechCapital, WatStart, CommuniTech and SunStartup – thanks to those folks for supporting the community.

    We tried something different and hosted a panel at the start made up of Iain Klugman , Larry Borsato, Ali Asaria, Melanie Baker, Sandra MacDonald, and Gary Will. The basic question was “why, why do a startup?” The answers varied from why not to do one to a very philosophical approach by Ali that centred around passion and drive.

    The start ups that got to present (based on audience voting and time available) were:

    Semacode (on StartupIndex) – Simon showed off his technology for the first time. A fully integrated viral marketing based service integrated into FaceBook as a great way to manage events and conduct mobile marketing campaigns. The issues that came up in discussion were privacy (how does the user control information that is captured in their barcode/name tag), which target market they should go after (i.e., advertising/marketing/event type companies or the end user/enterprise running the event). Simon has partnered with SuitedMedia Inc to help them sell the service.

    Navarra run by Avery Pennarun was a somewhat controversial concept for outsourcing development of your founder ideas. The concept being they would charge a flat rate to develop against particular specifications provided by the “business founder”. Avery figures lots of business people/founders with great ideas need a good development shop to develop out their ideas. Issues that came up were: “are you mad?”, “that will never work”, and ” how will you ensure specifications are crystal?”. Maybe they are on to something (as is typically the case when faced with great controversy)?

    Clutterme presented by Mark Molckovsky & Alex Curelea was a totally fun demo of a cool technology that enables you as a user to instantly create a webpage that effectively becomes your “cork board” online. Great job to whomever did their brand and logo, as it so clearly defines what they’re up to. Their key questions of the audience were “what’s your business model?, how will you make money?”, usability issues, and how to get the word out there. They’ve asked for community support on testing their beta about to be released in 2 to 3 weeks. Check them out 🙂

    UbietyLab – Developed by local Waterloo professor, Todd Veldhuizen, demonstrated some very powerful visualization technology that quite frankly the audience was very impressed by with folks throwing out many many applications for its use. Hence the professor’s problem. What market with what offering, considering “I’m really doing this in my spare time and not really as a business person?”

    AdvertisingShowdown.com – I’m sorry guys, I missed this one because I was in conversation at the time (oops). The just is a powerful new online advertising metrics application. You can check out the recording of the presentation on www.spaetzel.com

    Let’sCube (which is currently a Firefox plug-in you can download) is an instant sharing technology for cool sites you want to share with your friends and for which you can receive results as the owner of the site that’s being shared. Differences between StunbleUpon, Digg, Twittr, etc and their service is they aggregate your interests into your own let’s cube page – so it pulls for you and filters by your friends. Does it go both ways? Can you share and pull? That was the biggest issue posed by the audience and yes, it does. Lots of other ideas about how to leverage the Firefox plug in to test additional features.

    IndigoFire presented by Karim Shaehata is solving the problem of website registration and sharing among friends real, business and otherwise. His product is not yet live (powerpoint presentation). Solving the problem of how you create differentiation among your usage across community sites like Facebook, Flickr, etc. for the people you want to share with and the public at large. Good questions and may be interesting technology yet to come 🙂 Kareem’s basic question was what are the potential business models for which the audience offered several alternatives e.g., server side, small user charge, middleware approach, etc. and would you use it?

    The audience participation rocked, thanks everyone who came and asked and offered great questions, suggestions and comments. You can check out a recording of the event on spaetzel.com

  • Reminder: StartupCamp Waterloo tomorrow (June 3rd)

    Just a quick reminder that StartupCamp Waterloo is taking place today, June 3rd 2008, at the Waterloo Accelerator Center at 6pm.

    I just got off the phone with Mic Berman, one of the organizers, and she says that instead of a speaker this time, there is going to be a panel to kick things off. The question for the panel is “Why start a startup?”

    Just over a year ago, I wrote something along the same line: No better time than now. It remains just as relevant today as it was then.

    All the details are here.

  • $4,000,000 for IGLOO

    IGLOO Software, an enterprise social software company based in Waterloo, has raised $4M from RBC Venture Partners. Kevin Talbot, Managing Director of RBC Venture Partners, has joined IGLOO’s board, which is chaired by Jim Balsillie, Co-CEO of Research In Motion.

    The Kitchener, On based company has spring out of development of IGLOO.org.

    “Founded in 2003, IGLOO’s social networking platform helps hundreds of organizations globally reduce email burden, remove distances across branch
    offices and inspire teams with new productivity and collaboration tools. The platform was initially developed to support an online international network of researchers, practitioners and educators working on global issues.”

    Igloo Software on StartupIndex

  • DemocampGuelph 5 – 4 New Companies!

    Jonas and I went to Guelph yesterday for DemoCamp Guelph 5. When we arrived in Guelph we stopped by the Well.ca offices and picked up some Roti (try the Doubles, delicious!).

    We had a great time and the venue was cozy. We didn’t find out the beer was free until the end though!

    The demoing companies were:

    Doctopus
    Doctopus is a hosted content management solution. So far they have built a nice looking platform that can manage and deploy a large number of sites. The CMS market is big, but also saturated to say the least. I think they will need to focus on a more defined target market/vertical. That said, it really did look nice.

    Liveoffcamp.us
    LiveOffCamp.us is a site that connects students with off campus housing. Right now the interface is a little disconnected. You enter a query and it emails you the results. The crowd thought that they should provide the results right on the site, and I agree, but getting an email should be kept as a second option.

    MyVine
    Myvine.ca was the best looking site of the night. Their tagline “Simple referral management” is confusing. They don’t manage your referral system, they help you manage a list of recommendations for your business. MyVine is sort of a GigPark turned on its head, where instead of putting all of the control in the hands of the users, the merchant gets to control what recommendations get posted and which ones don’t.

    FOSSFactory
    FossFactory is a site that helps manage bounties that are put on features in Open Source Software. For example: If you use a piece of open source software and you want to have a feature added to it, then you can put a value on it, deposit the money, and then developers can claim the money if they develop the feature. Other people who also want to see the feature developed can add to the bounty.

  • Spring Acquisitions: Meriton Networks & Sirific Wireless

    As promised… we have a couple spring acquisitions:

    Meriton Networks, an optical networking infrastructure company based in Ottawa, has been acquired by Xtera Communications. Meriton had taken venture financing from: Desjardins Venture Capital Group, Newbury Ventures, Nomura International, Primaxis Technology Ventures, RBC Capital Partners, VantagePoint Venture Partners, VenGrowth Capital Partners, Skypoint Capital. The acquisition price has not been disclosed.

    Sirific Wireless, a fabless semiconductor company specializing in CMOS RF transceivers based in Waterloo, has been acquired by Icera. Sirific had taken venture financing from: Agilent Technologies, BDC, Celtic House, GrowthWorks, Hunt Ventures, Intel Capital, Solowave Investments, TD Capital, and Tech Capital. The acquisition price has not been disclosed.

    Hat tip to Mark McQueen of Wellington Financial, who described the exits as follows:

    Although details weren?t announced, these don?t feel like successful exits. Probably somewhere in that middle of pack for that vintage. Neither company had announced the kind of revenue generating customer traction (think Dragonwave and Clearwire) that drives a home run. And they both raised tens of millions over 8 or so years. Yes there was value built (which the strategics can afford to fund and harvest) but after that long these are deals where the clock ran out.

    Sounds like a little portfolio spring cleaning to me.